Consider Selling to 1.2417 | 12 April 2017
12 April 2017, GBP/USD
Daily chart: yesterday bulls managed to break inside bar. However, ADX does not support bullish ambitions, so we may expect downside rollback. Now we have flat market, so the pair may go any direction.
Н4: there is flat within Bollinger envelopes range (1.2365-1.2504). If resistanсe level at 1.2504 won't be broken, we may see 100-pip drop.
Н1: here support levels are at 1.2469 and 1.2417 (middle and lower Bollinger band). Downside correction may reach any of these supports.
Expectations: drop to 1.2469 or to 1.2417
Trading signals: consider selling to 1.2417
The author's opinion reflects their personal view and is not an investment recommendation. The company is not responsible for any trading results based on the provided analytical data.
